Further Weakness as Yueyang Forest & Paper (SHSE:600963) Drops 6.3% This Week, Taking Three-year Losses to 69%
Further Weakness as Yueyang Forest & Paper (SHSE:600963) Drops 6.3% This Week, Taking Three-year Losses to 69%
If you are building a properly diversified stock portfolio, the chances are some of your picks will perform badly. But the long term shareholders of Yueyang Forest & Paper Co., Ltd. (SHSE:600963) have had an unfortunate run in the last three years. Regrettably, they have had to cope with a 70% drop in the share price over that period. The more recent news is of little comfort, with the share price down 54% in a year. The falls have accelerated recently, with the share price down 27% in the last three months.
如果您正在構建一個良好分散的股票組合,那麼你的選擇中可能有些會表現不佳。但是,岳陽紙業股份有限公司 (SHSE:600963) 的長期股東在過去三年裏運氣不佳。遺憾的是,在那段時間裏,他們不得不面對股價下跌了70%。最近的消息也沒有好到哪裏,股價一年內下跌了54%。近期跌幅有所擴大,股價在過去三個月下跌了27%。
After losing 6.3% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
在過去一週下跌了6.3%之後,值得調查一下公司的基本面,看看我們可以從過去的表現中推斷出什麼。
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
不可否認的是,市場有時是高效的,但價格並不總是反映潛在的商業表現。一個不完美但簡單的方法來考慮公司市場感知如何改變是比較每股收益(EPS)變化和股價變動。
Over the three years that the share price declined, Yueyang Forest & Paper's earnings per share (EPS) dropped significantly, falling to a loss. Extraordinary items contributed to this situation. Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change. But it's safe to say we'd generally expect the share price to be lower as a result!
在股票價格下跌的三年裏,岳陽紙業的每股收益(EPS)也大幅下降,跌至虧損。非常事件造成了這種情況。由於公司已陷入虧損的狀態,很難將EPS的變化與股價的變化相比較。但是我們可以肯定的是,由於這種情況的存在,我們通常會期待股價更低!
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
下面可以看到每股收益隨時間的變化情況(通過點擊圖像來查看確切數值)。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240719/0-e9d2eb587a0ef80f0d5a7c2ae2400b69-0-f8f007d6b59ccfb520d9c5b052cc0538.png/big)
This free interactive report on Yueyang Forest & Paper's earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
如果您想進一步調查該股票,可以從岳陽紙業股份有限公司 (SHSE:600963) 的營收、收益和現金流的免費互動報告開始。
A Different Perspective
不同的觀點
We regret to report that Yueyang Forest & Paper shareholders are down 54% for the year. Unfortunately, that's worse than the broader market decline of 17%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 0.1% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. It's always interesting to track share price performance over the longer term. But to understand Yueyang Forest & Paper better, we need to consider many other factors. Case in point: We've spotted 1 warning sign for Yueyang Forest & Paper you should be aware of.
非常遺憾地告訴您,岳陽紙業股東今年的虧損達54%。不幸的是,這比大市整體下滑17%還要糟糕。話雖這樣說,不可避免地在行情下跌時會有一些股票被超賣。重要的是要關注基本面的變化。遺憾的是,去年的表現效果也不佳,股東面對的總損失率達到了每年0.1%的水平。我們知道巴隆·羅斯柴爾德曾說過投資者應該在“街頭流血時買入”,但我們提醒投資者首先要確保自己購買的是高質量的企業。長期跟蹤股價表現總是很有趣的。但是,爲了更好地了解岳陽紙業,我們需要考慮許多其他因素。舉個例子:我們發現了一個岳陽紙業的預警信號,您應該注意它。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找獲勝投資的人來說,最近有內部購買的低估公司免費列表可能是一個很好的選擇。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
請注意,本文引用的市場回報反映了目前在中國交易所上市的股票的市場加權平均回報。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。